| 1 |
Purpose of financing |
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To finance the acquisition of all type of brand new/second hand vessels. |
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To finance the acquisition of land, construction of shipyard infrastructure and its related machinery and equipment. |
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To finance the acquisition of land, construction of building, plant and machinery of port, bonded warehouse, port yard and haulage for the maritime activities. |
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To part finance the working capital requirement |
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Loan refinancing is not allowed |
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| 2 |
Type of Financing |
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Conventional: Term Loan, Revolving Credit, Working Capital, Guarantee |
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Islamic: Bai Bithman Ajil, Bai Istisna’, Bai Inah, Murabahah Al Dayn, Ijarah, Kafalah |
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| 3 |
Margin of financing |
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| 4 |
Tenure of Financing |
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| • |
Maximum 10 years excluding 2 years grace period. |
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For secondhand vessel, age of vessel must not exceed 20 years at the end of repayment period. |
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| 5 |
Lending Rate |
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| • |
4.0% - 6.0% on monthly/quarterly/semi annual rest depending on the applicant’s cashflow sustainability. |
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| 6 |
Target Group |
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Shipping & Shipyard companies |
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Companies that involve in maritime related activities |
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